Fortune Group announces 95 per cent completion of AED 170 million Fortune Tower

The company further announced that development work was well on schedule with handover to customers scheduled for October end 2007 for this project, which was sold out within the first four months of its launch and is the only commercial tower in the UAE with a revolving restaurant.

Describing Fortune Tower as one of the first exclusively freehold commercial projects to be announced in Dubai, Mr Syed Mohammad Ali, Chief Executive Officer, Fortune Group, said 'Dubai has established itself as a significant business hub in the region by attracting businesses worldwide to its precincts. With its completion, this project will meet the ever-increasing demand for commercial space that is being buoyed by the extraordinary growth of the economy in the region.'

He said Fortune Tower, whose construction is being handled by Malaysia-based IJM Corporation, has been strategically located to provide tenants proximity to various business districts including the Dubai Internet and Media city, besides also providing a panoramic view of the Palm Island and Jumeirah Islands and the arterial Sheikh Zayed Road.

Post-fire recovery work on the landmark Fortune Tower began in April and the subcontractors involved in the process have been completing their assignments according to the reworked schedule. Completion and testing of the 35-storey tower will be carried out by end of September 2007, following which customers will be invited for inspection of the premises and subsequent handover in October 2007.

Furthermore, located amidst the picturesque landscape and waterscape of the Jumeirah Lake Towers development in Dubai, Fortune Tower comprises of 350,000 sq. ft of prime office space covering 254 office units amidst a mix of contemporary design elements and modern architecture.

The project offerings also comprise of modern and state-of-the-art facilities that include a dedicated car parking, 24-hour security, computer-controlled ambient temperatures and dedicated high-speed lines for heavy business traffic, besides a ground-floor shopping area and coffee shop.

Besides Fortune Tower, the Fortune Group's other prominent projects include the world's tallest commercial development - the AED 4 billion Burj Al Alam (The World Tower) - Fortune Bay, Fortune Avenue, Fortune Pearl, Fortune Bravo, Crystal Tower, Fortune Executive Tower, Fortune Serene, Fortune Pavilion and Casa Marbella (Palm Jebel Ali).